Asia Mining News

Miner Vale says fire to halt operations at Malaysia distribution center

The company said the fire should have a reduced impact on shipments as 10 days of preventive maintenance was already programmed at the terminal.

Mongolia posts 6.9% economic growth in 2018

Coal and copper generate almost 70% of Mongolia's total export revenues and most of its mining output is sold to neighboring China.

India, Japan demand falls; holiday hangover dulls trade elsewhere

Until there is a solution to what is happening globally with Brexit and trade talks, we might see no clear direction.

Mitsubishi Materials cuts sales estimate for Indonesia copper smelter

Maintenance and slower ramp-up last year caused a reduction in copper cathode output by 26,000 tonnes.

Livent to export Chinese lithium in 2019 due to subsidy uncertainty

The action will increase Livent's sale taxes in China but give it greater access to growing markets for lithium in Japan, South Korea and elsewhere.

Bougainville’s $58B gold-copper mine rights safe for now as Mining Act changes rejected

The autonomous Papua New Guinea region of Bougainville has rejected controversial changes to its mining law.

Inside the global iron ore crisis: What's next in four charts

Iron ore’s dramatic rally will raise costs for steelmakers, potentially crimping their profit margins, unless they are able to pass on the additional burden to customers.

Iron ore futures tumble in Singapore as Vale-driven rally frays

Vale has flagged production cuts of as much as 70 million tons in the wake of the deadly dam breach, spurring worries about a substantial loss of seaborne supply.

Vancouver miner to partner with Zijin for gold project in the Kyrgyz Republic

The project encircles the Taldybulak Levoberejnyi Mine, which was recently built by Zijin and contains 3.2 million ounces in reserves and resources at a grade of 7.2 g/t.

World’s top uranium miner Cameco in no hurry to resume production

The company says it has seen a significant improvement over the past year, with prices up about 20%, but believes conditions are not where they need to be to restart idled capacity.

India's Tata Steel Q3 standalone profit soars on robust production

Analysts have said that due to pressure on steel prices, the third quarter could be the last good quarter for steelmakers before a long period of muted growth.

Indian jewellers stock up; holiday dims activity elsewhere

International benchmark spot gold prices were on track for their first weekly decline in three, but were still supported above the $1,300 an ounce level.

Nominations now open for Mines and Money Asia Outstanding Achievement Awards

Nominations are now open for the 12th annual Mines and Money Asia Outstanding Achievement Awards. Considered to be Asia’s most prestigious mining investment awards and a highlight in the Asian mining calendar, the annual event recognizes ‘the best of the best’ in the Asia Pacific region.

Indonesia plans 22% "safeguard" tariff on aluminium foil – WTO filing

The proposed tariff, would fall to 18% in the second year and 14% in the third year.

ArcelorMittal sees small steel demand rise, shares slip on margin concerns

ArcelorMittal is investing in projects in Mexico and Brazil, and has bought Votorantim in Brazil and Italy's Ilva, Europe's largest capacity steel plant.

As good as gold for some brides in India as election nears

In the past, gifts have included electric fans, laptops, pressure cookers and televisions.

China’s commodity consumption influencing metal prices

  As the largest consumer of metals, China dominates the global supply and demand of metals, and Asia is at the very centre of the debate on the future of the international mining industry. Urbanisation […]

Ford says carmakers may need to invest in cobalt mines soon

Carmakers may have to consider investing directly in cobalt mines in order to secure supply over the next three to five years, according to ord Motor Co. senior manager for energy storage strategy and research Ted Miller.

Diamond prices sliding – report

1-carat stones fell by 0.4% last month and 1.8% compared to January 2018.

Everything you need to know about VMS deposits

People are often not aware of where their most prized devices really come from.

OceanaGold reports 2019 guidance and exploration budget

OceanaGold Corp. says its mines will produce a total of between 500,000 and 550,000 ounces of gold and 14,000 to 15,000 tonnes of copper this year.

Visualizing corruption around the world

Today’s chart pulls its numbers from the recent 2018 Corruption Perceptions Index report, which has been published by Transparency International annually since 1995.

Vedanta says Anglo American stake buy meets Gov’t criteria

Shares in the company lost a fifth of their value on Friday as investors were sceptical of its foreign subsidiary Cairn India Holdings’ $200 million investment in the diversified miner.

Lead production expected to grow in 2019 – report

Wood Mackenzie forecasts that global lead production will increase in 2019 by about 250 kt.

Lithium giant's landmark deal is big step to battery 'dream'

Chile's development agency Corfo doesn't know whether the county we’ll ever make vehicles, but it would like to at least see battery parts produced locally.